Director of the International Affairs Department at National Iranian Gas Company (NIGC) Azizollah Ramezani said on Monday that talks have been held with a well-credited German company for gas trade.

Managing director of the Iranian Central Oil Fields Company said that in order to optimize the resources, oil and gas production in ICOFC will be field-based and well-based.

Iran welcomes cooperation with Russian oil and gas companies, said Irans Minister of Communications and Information Technology Mahmoud Vaezi in Moscow.

Deputy Minister of Petroleum for International and Commercial Affairs Amir-Hossein Zamaninia said on Saturday that Japan has set aside 10 billion dollars in credit for investment in Iranian economic sector and the sum will soon be reimbursed.

Indonesia has called on Iran to remove impediments to expansion of the two-way ties in the oil and gas sectors.

Managing Director of National Iranian Gas Export Company Ali-Reza Kameli said that foreign companies have announced readiness to enter venture project with Iran for LNG production.

Iranian Minister of Petroleum Bijan Zangeneh said Iran will be exporting 3mcm/d of natural gas to neighboring Armenia by 2018 from the current 1mcm/d.

Deputy Director of the Optimization of Energy Consumption Department at National Iranian South Oil Company Hassan Rajabalipour said on Tuesday that the first contract for daily sale of 42 million cubic feet of associated gas to private sector was signed.

More than five million barrels of crude recovered from North Azadegan joint field have been exported since about 100 days ago.

A gas official, while pointing to the 50-percent surge in Iran’s condensate exports, said giant oil tankers can now moor at Assaluyeh terminal.